Levels to watch are 1130.22 for new highs, with 1124.06, and 1119.40 signaling lower lows are being made, a bearish sign.
Breadth for the day was 1.05:1 advancers, as this rally continues to weaken, ie. the number of advancing issues per day keep making lower highs for the last two month while the indexes are making new highs. Simply put, less stocks are carrying the market to new highs
Volume for the day, was so light, I am having trouble finding any. If fact it was the lowest of the year, if you do not include the half day before Christmas.
Click here for a look at the updated chart!!!
11:45, The SPX is starting to break down now moving to the weaker bullish fan lines